Utah's Simplus acquired by Indian firm in $250 million deal
Infosys, a huge consulting organization based in India, that works with clients as they implement complex software integrations, has announced the acquisition of Salt Lake City-based Simplus. Simplus is a major partner of Salesforce, a global cloud computing company that develops customer relations management solutions and provides business software on a subscription basis.
The tech media is reporting the sale price is $250 million and that the deal will close within 30 days.
Founded in 2014, Simplus itself has a long history of making its own acquisitions. Since the third quarter of 2016, it as acquired BaldPeak Consulting, EDL Consulting, Basati, CRM Manager, CirrusOne, and Sqware Peg.
According to Simplus, it has completed over 2,000 successful Salesforce projects and is in the top 1 percent of all Salesforce implementation partners based on customer service ratings.
The Simplus purchase is the largest acquisition Infosys, which is the first Indian company to be traded on New York Stock Exchange, has ever made.
Simplus CEO and co-founder Ryan Westwood and all of the current executive team will remain with the company under the new ownership.
Ravi Kumar, president of Infosys said, “Simplus will be a valuable addition to the Infosys family. Complementing our industry knowledge and existing Salesforce footprint with their strong presence in key markets, deep Salesforce consulting and advisory expertise will help accelerate the transformation journey of incumbent companies,”
“We are thrilled to be partnering with the Infosys team,” said Westwood. “We have viewed this partnership from a culture-first lens from the beginning, and we believe that the alignment of our company values and the preservation of our company DNA will allow us to accelerate growth and together become the strongest and most respected partner in the Salesforce ecosystem.”
Infosys said it is acquiring Simplus as a way to quickly expand its enterprise cloud capabilities and presence across the U.S. and Australian markets. In addition to its Salt Lake City headquarters, Simplus has operations in San Francisco and San Clemente, California; Chicago; Boston; and Atlanta. It also has Australian offices in Sydney and Melbourne, and an office in Manila, Philippines.